Financial development and industrial capital accumulation
There may be a compelling discontinuity to financial sector development in that banks need to be supported early in development but need to be "weakened" later, at the expense of bank rents, to foster further development. The important question for policy is when and how to generate and ma...
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| Format: | eBook |
| Language: | English |
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Washington, DC
World Bank, Financial Sector Practice Dept., Financial Economics Unit
1999
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| Series: | Policy research working paper
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| Collection: | World Bank E-Library Archive - Collection details see MPG.ReNa |
| Summary: | There may be a compelling discontinuity to financial sector development in that banks need to be supported early in development but need to be "weakened" later, at the expense of bank rents, to foster further development. The important question for policy is when and how to generate and manage this discontinuity so that it is not forced on society by costly and traumatic events such as bank failures |
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| Item Description: | "October 1999"--Cover. - Includes bibliographical references (p. 23-24) |
| Physical Description: | 25 p 28 cm |